Cousin Jack wrote: ↑Fri Nov 10, 2023 8:48 pm
Goes with the territory. If you were that dissenting, ie you really thought the CEO was a diasaster waitimg to happen, you would resign and walk away
Sooooo....your answer to a democratic vote that doesn't go in your favour is to leave, right?.......
Worked for me
Life is for living. Buy the shoes. Eat the cake. Ride the bikes. Just, ride the bikes!!
Mussels wrote: ↑Fri Nov 10, 2023 11:01 pm
Shareholders* have power over how the company is run so if the management break the law it's right for the company to be fined, some incentive for shareholders to keep management in check.
* Some more than others.
True dat. It's my own argument for water companies being publically quoted companies....so I can't argue.
Doubt is not a pleasant condition.
But certainty is an absurd one.
Voltaire
Apparently, Farage will start formal proceedings for damages against Nat West/Coutts next week. The claim is thought to be worth millions, or a former executive's original payout!
Taipan wrote: ↑Sat Nov 11, 2023 2:33 pm
Apparently, Farage will start formal proceedings for damages against Nat West/Coutts next week. The claim is thought to be worth millions, or a former executive's original payout!
You mean NatWest will give him enough money for him to qualify for a Coutts account?
Taipan wrote: ↑Sat Nov 11, 2023 2:33 pm
Apparently, Farage will start formal proceedings for damages against Nat West/Coutts next week. The claim is thought to be worth millions, or a former executive's original payout!
Taipan wrote: ↑Sat Nov 11, 2023 2:33 pm
The claim is thought to be worth millions
If Coutts/Natwest have breached GDPR be revealing Farage's personal info - I'm not saying they have BTW, but it looks reasonably likely - then any pay out he'd get is peanuts in comparison to the fines they face! Maximum fine is £17.5 million or 4% of annual turnover, whichever is greater.
If you're talking just Coutt's that'd be up to £40 million fine, if you widen it to all of Natwest it's >£600 million
I imagine it's that ^^^, in combination with the exit of a proven profit making CEO, which caused the share price to drop more than anything.
Taipan wrote: ↑Sat Nov 11, 2023 2:33 pm
Apparently, Farage will start formal proceedings for damages against Nat West/Coutts next week. The claim is thought to be worth millions, or a former executive's original payout!
Damage to what?
His reputation?
Doubt is not a pleasant condition.
But certainty is an absurd one.
Voltaire
Even if he wins millions in damages we'll still have people on here in utter denial claiming that the bank did nothing wrong.
Political blindness gives me endless entertainment
Taipan wrote: ↑Sat Nov 11, 2023 2:33 pm
The claim is thought to be worth millions
If Coutts/Natwest have breached GDPR be revealing Farage's personal info - I'm not saying they have BTW, but it looks reasonably likely - then any pay out he'd get is peanuts in comparison to the fines they face! Maximum fine is £17.5 million or 4% of annual turnover, whichever is greater.
If you're talking just Coutt's that'd be up to £40 million fine, if you widen it to all of Natwest it's >£600 million
I imagine it's that ^^^, in combination with the exit of a proven profit making CEO, which caused the share price to drop more than anything.
If it drops far enough they could be taken back into public ownership. Again.
Taipan wrote: ↑Sat Nov 11, 2023 2:33 pm
The claim is thought to be worth millions
If Coutts/Natwest have breached GDPR be revealing Farage's personal info - I'm not saying they have BTW, but it looks reasonably likely - then any pay out he'd get is peanuts in comparison to the fines they face! Maximum fine is £17.5 million or 4% of annual turnover, whichever is greater.
If you're talking just Coutt's that'd be up to £40 million fine, if you widen it to all of Natwest it's >£600 million
I imagine it's that ^^^, in combination with the exit of a proven profit making CEO, which caused the share price to drop more than anything.
If it drops far enough they could be taken back into public ownership. Again.
